CSP INVEST: what changed
CSP INVEST
Largest movements
- Cash +€5,873
up €5,873 (+22.3%), from €26,332 to €32,205
mainly Other debts (+€3,920) and Net result for the year (+€1,292)
- Other debts +€3,920
up €3,920 (+113%), from €3,468 to €7,388
- Purchases and services -€3,500
no longer reported in 2025 (was €3,500)
- Gross operating margin +€3,320
up €3,320 (+94.9%), from -€3,500 to -€180
- Financial income +€2,682
new in 2025: €2,682
- Financial charges +€80
up €80 (+116%), from €69 to €149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,975 | €373,187 | +€5,212 | +1.4% |
| Formation expenses | 20 | €993 | €332 | -€661 | -66.6% |
| Fixed assets | 21/28 | €91,000 | €91,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €91,000 | €91,000 | = | 0.0% |
| Land and buildings | 22 | €91,000 | €91,000 | = | 0.0% |
| Current assets | 29/58 | €275,983 | €281,856 | +€5,873 | +2.1% |
| Current investments | 50/53 | €249,651 | €249,651 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,332 | €32,205 | +€5,873 | +22.3% |
| Total equity and liabilities | 10/49 | €367,975 | €373,187 | +€5,212 | +1.4% |
| Equity | 10/15 | €364,508 | €365,799 | +€1,292 | +0.4% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | - | -€425,000 | |
| Issued capital | 100 | €425,000 | - | -€425,000 | |
| Profit (loss) carried forward | 14 | -€60,492 | -€59,201 | +€1,292 | +2.1% |
| Amounts payable | 17/49 | €3,468 | €7,388 | +€3,920 | +113% |
| Amounts payable within one year | 42/48 | €3,468 | €7,388 | +€3,920 | +113% |
| Other amounts payable | 47/48 | €3,468 | €7,388 | +€3,920 | +113% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,500 | - | -€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €662 | €661 | -€1 | -0.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,500 | -€180 | +€3,320 | +94.9% |
| Operating profit (loss) | 9901 | -€4,549 | -€1,241 | +€3,308 | +72.7% |
| Financial income | 75/76B | - | €2,682 | +€2,682 | |
| Recurring financial income | 75 | - | €2,682 | +€2,682 | |
| Financial charges | 65/66B | €69 | €149 | +€80 | +116% |
| Recurring financial charges | 65 | €69 | €149 | +€80 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€4,618 | €1,292 | +€5,910 | |
| Profit (loss) for the period | 9904 | -€4,618 | €1,292 | +€5,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,618 | €1,292 | +€5,910 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.